Siemens Energy (OTCMKTS:SMNEY) Sets New 52-Week High - Time to Buy?

Key Points

• Siemens Energy shares reached a new 52-week high, trading at $116.62 with a market cap of $93.14 billion.
• Morgan Stanley reaffirmed an "overweight" rating for Siemens Energy, contributing to a mixed analyst outlook with an average rating of "Hold."
• The company reported earnings of $0.52 per share for the last quarter, with analysts projecting an EPS of $0.24 for the current year.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $117.11 and last traded at $116.62, with a volume of 63789 shares trading hands. The stock had previously closed at $113.38.

Analyst Ratings Changes

Separately, Morgan Stanley restated an "overweight" rating on shares of Siemens Energy in a research note on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Siemens Energy presently has a consensus rating of "Hold".

Siemens Energy Trading Down 2.7%

The company has a current ratio of 0.93, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $90.52 billion, a price-to-earnings ratio of 514.80 and a beta of 2.16. The company has a fifty day moving average of $105.61 and a 200-day moving average of $79.98.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $10.48 billion for the quarter. Siemens Energy had a return on equity of 1.81% and a net margin of 0.48%. As a group, equities research analysts anticipate that Siemens Energy AG Unsponsored ADR will post 0.24 earnings per share for the current fiscal year.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.